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Dufner Co. issued 16-year bonds one year ago at a coupon rate of 6.2 percent....

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Accounting

Dufner Co. issued 16-year bonds one year ago at a coupon rate of 6.2 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000?

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